CRB
Credit Reference Bureau: an institution licensed to collect and provide credit information under Kenya’s credit-reference framework.
CRB TERMS, EXPLAINED
CRB and Credit Terms, Explained Simply
Use this glossary when a report, certificate, lender or CRB guide contains a term you do not recognize.
PLAIN ENGLISH
Search CRB and credit terms
Use this glossary alongside your credit report or any guide on the site.
Credit report
A detailed record of credit information associated with a person or business, including reported accounts and repayment information.
Credit score
A numerical risk indicator produced from credit information. Different bureaus or lenders may use different scoring models.
Clearance certificate
A status document issued by a licensed bureau according to its current rules. It does not erase accurate historical information.
Default
Failure to meet a repayment obligation according to the credit agreement or reporting rules.
Adverse information
Credit information that may indicate repayment problems or other negative credit events.
Dispute
A formal challenge to information you believe is inaccurate, incomplete, duplicated, fraudulent or otherwise incorrect.
Credit provider
An institution or business that extends credit and may report relevant information under applicable rules.
Lender enquiry
A record showing that a lender or authorized party accessed credit information for a permitted purpose.
Guarantor
A person who agrees to be responsible for another borrower’s obligation under specified conditions.
Settlement
An agreement or payment that resolves an outstanding obligation according to terms agreed with the lender.
Outstanding balance
The amount still shown as unpaid on a credit account at a particular point in time.
Data subject
The individual whose personal data is being processed.
Correction
An update made when credit or identity information is shown to be wrong or incomplete.
Licensed CRB
A credit reference bureau licensed under Kenya’s regulatory framework. Always verify the current regulator directory.
Loan readiness
A practical review of credit information, affordability, current obligations and documents before applying for new credit.
Digital credit provider
A provider offering credit through digital channels and subject to applicable Kenyan regulatory requirements.
Identity theft
Unauthorized use of someone’s identifying information, which can sometimes result in unfamiliar credit accounts or enquiries.
No matching term
Try a shorter phrase such as “report”, “score”, “default” or “certificate”.